Short Interest Update on Bank of Nova Scotia (The) (BNS)

Bank of Nova Scotia (The) (BNS) has 14,304,335 shares of shorts outstanding as on August 15, 2016, with 27 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 14,944,260 shares. The stock has a decent trading volume of 539,478 shares daily. The marginal decrease in the short positions is by -4.3%, which amounts to -639,925 shares. Short positions are 1.2% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Bank of Nova Scotia (The) (NYSE:BNS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.44 and $52.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.06, notching a gain of 1.63% for the day. The total traded volume was 1,114,909 . The stock had closed at $52.21 on the previous day.


The Bank of Nova Scotia (the Bank) is a Canada-based diversified financial institution. The Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 21 million customers in more than 55 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. The Canadian Banking segment provided a range of banking and investing services to more than 7.7 million customers across Canada, through a network of 1,190 branches, 3,869 automated banking machine (ABMs), as well as telephone, Internet banking and third-party channels. International Banking includes Scotiabanks retail and commercial banking operations in more than 55 countries outside Canada. Global Wealth Management (GWM) consists of wealth management insurance and Global Transaction Banking businesses.

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